Mr. Flynn,
>>Until Frank and Franklin can "show me the money" which they
are _not_ doing at present <<
In the research I have executed, re: FTEL, I never came across the "guarantee" (neither explicit, nor implied), by Franklin, or by Mr. Peters indicating that "money was assured". Surely, you would not mind sharing such guarantee with us mere peasants, who mindlessly invested in this money-sucking black hole.
Indeed, the disclosure of such guarantee would be reason to "levitate" the stock price, since such item has not been discounted by Mr. Market.
For some strange (even mystical), reason, I suspect that such guarantee does not exist.
Further, I do believe that somewhere in all the papers I read, I kept coming across some kind of disclosure that read along the lines of: (not exact quote)
"This is a risky investment where part or all said investment could be lost, further, the history to date shows that this company has had continuos losses and the possibility of such record continuing is highly probable..... blah blah blah"
In addition, Mr. Flynn you must (for your own sake), understand that investing in stocks does carry the element of RISK, (as in yes, one can lose money). The risk factor in penny-stocks is much, much higher, perhaps you are not aware how much higher.
>> I feel VALUESPEC has valid points. <<
Yeah, and the children in Biafra are starving too !
>>Also, if indeed Frank is 697,330 shares lighter than on
April 9, 1997 maybe I should be selling as well.<<
Part I. The fact that Mr. Peters may or may not sell is really Mr. Peters's affair, and none of your bee's wax.
Part II. The theory that if insider's are selling is the signal that doom's day is upon us, is flawed, partly by the second part of your statement, I quote:
>>" Or maybe he just needed the money for his kids college fees etc, etc."<<
More serious reasons to doubt the wisdom of the theory that one must do as the Insiders does, either buy or sell can be illustrated as follows:
Centennial Technologies, (which was de-listed from the NYSE, about a year ago), was at some point the stock that had one of the highest percentage gains the prior year.
Mr. Emanuel Pinez, former CEO of Centennial, kept buying Centennial stock (under margin, based on his own holdings), in order to prop up the price of the stock. He also did other very naughty things that eventually caused the price of Centennial to "slide" from north of $50,00 to about $3,00, when it was finally de-listed. And yes, it gave him the right to move to a new residence, the local jail.
While one must pay SOME attention as to what insiders are doing, one can not view such activity in a "vacuum", there are other "things" that also affect the price.
>>maybe I should be selling as well.<<
Is that a threat, a promise, or an announcement ? oh no, how dare you do this!!
>>I have an interest in FTEL (and fortunately I am in profit) <<
You ARE in profit... hmm, that is an interesting statement, as in: " you are WITH child", oh I see, now, you are pregnant with profit.... no wonder it is hard for some people to SELL, indeed, it must be PAINFUL, to give birth to profit, now I understand. Mr. Flynn, you have enlightened me, thank you!
It is now clear to me the reason why people do not sell while they ARE in profit, they prefer the pain of seeing their profits dwindle as the price reverses. I guess such pain would be less than the pain of giving birth to profit. Very clear indeed, thank you for the tip.
>>which I bought as a highly speculative stock. I feel there
have been no announcements recently of any substance from FTEL to
move this stock positively and permanently. <<
I thought you did not know the concept of "speculative". I guess I was wrong, oh well.
As to "you feel"? have you communicated these "feelings" to Franklin's PR firm, I am certain that once they learn about your feelings (I hope they are not hurt are they?), they will promptly will accommodate you...
"permanently"? in the stock market? eternity is an unknown concept, to these evil demons, the only thing these barbarians understand is continuos change. From the minute that the bell rings for the open until it rings again for the close, and the next day, and the next, and the next.
By the way, have you ever seen a chart, the "permanent looking" charts are those of the bankrupt companies....
>>I read most of the computer and internet press in England
and Internet Telephony is starting to get quite a bit of press.
FTEL is _never_ mentioned as a player yet all the other _world
leaders_ eg VocalTec are mentioned.<<
I am impressed, England ! wow!... (no offense Mr. Smith your country is a great one, as in GB, indeed the greatest pirates ever, they even made them Knights! lived there for a few years, I enjoyed it... except the food, really!! Shepherds Pie....ugh!)
>>I now stand ready to get flamed for not being blindly positive.
I can't be until I see the money. Maybe it's time to "cut
VALUESPEC some slack". <<
Flamed? is your conscience in peace?, you must be feeling guilty, yes?
I would share those feelings too,
Are you being blinded? may I know, by what reason could you be "blinded", positively or negatively. Surely, you can make your own mind about anything you want, why would undue influence sway you one way or the other?
It has been said (by higher minds than mine), that:
"If your mind thinks in terms of shit, that surely must mean that your mind is full of it. yes? no?
>>If there are people who disagree strongly with VALUESPEC and can
back themselves up on this forum with hard facts great. At
the moment I can't disagree with him.<<
Part I. It has been done extensively.
Part II. Have you ever heard of the concept of "Time Value of Money?
In closing Mr. Flynn, please say hello to Errol, for me. He was one of the greatest!. Thank you. |
